Tag: practice

DefinitionA walk-through test is a procedure under financial audit performed by auditors. Walk-Through Test What is a 'Walk-Through Test' A walk-through test...

What is 'Garbatrage' An increase in price and trading volume in a particular sector of the economy that occurs as a result...

What is 'General Examination' A regulatory measure set up to give a detailed examination of all aspects of a bank. The examination...

Definition Geographical pricing, in marketing, is the practice of modifying a basic list price based on the geographical location of the buyer. It is intended...

What is 'Tax Arbitrage' The practice of profiting from differences between the way transactions are treated for tax purposes. The complexity of...

What is a 'Sample' A sample is a subset containing the characteristics of a larger population. Samples are used in statistical testing...

DefinitionIn economics, the excess burden of taxation, also known as the deadweight cost or deadweight loss of taxation, is one of the economic losses...

What is 'Unauthorized Insurance' A phony plan that claims to provide financial protection against unforeseen and potentially catastrophic events. Unauthorized insurance is...

What is 'Umpire Clause' The language in an insurance policy that provides for a means of resolution by an unbiased third party...

What does 'Underlying' mean Underlying, in equities, is the common stock that must be delivered when a warrant is exercised, or when a convertible bond...